LOS ANGELES — December 5, 2019 — Berkadia today announced $82 million in financing secured for Silverado Apartment Homes, a garden-style multifamily property in Murrieta, California. Senior Director Branden McBirney of Berkadia’s Los Angeles office secured the permanent refinancing
The 10-year loan from Freddie Mac is full-term interest-only.
“Freddie Mac really stepped up to win this deal,” said McBirney. “Freddie was able to offer a strong quote, and Berkadia was able to win the deal on timing and certainty of close. We were under application on November 1 and closed November 26.”
Located at 25100 Vista Murrieta, Silverado Apartment Homes features one-, two- and three-bedroom floor plans with granite countertops, large closets, dishwashers, in-unit washers and dryers and private patios or balconies. Community amenities include two swimming pools, two hot tubs, a fitness center, barbecue areas and assigned parking. The property affords convenient access to California Oak Sports Park, Interstate 15 and Interstate 215.